Romania has registered the biggest economic growth in EU in Q2

Newsroom 06/09/2016 | 16:06

Romania has registered the biggest economic growth out of the 28 member states of the European Union in the second quarter of the year, with a GDP increase of 1.5 percent, according to an estimation of the European Statistics Agency Eurostat.

According to Eurostat, the euro zone’s GDP grew by 0.3 percent in the second quarter of the year, after an increase of 0.5 percent in the previous three months, while the EU registered an expansion of 0.4 percent, after an increase of 0.5 percent registered in the previous three months.

The biggest growth rates were recorded in Romania (1.5 percent), Hungary (1 percent), Czech Republic, Slovakia and Poland (all with 0.9 percent). Only in three member states (France, Italy and Finland) there was zero expansion of GDP.

Also, Romania registered the biggest economic growth in EU in the second quarter of the year compared with the same period of 2015, of 5.9 percent, followed by Slovakia (3.7 percent) and Spain (3.2 percent). The only decrease was registered in Greece (-0.9 percent).

According to the temporary data published by the National Statistics Institute (INS), the local economy grew by 5.2 percent in the second semester of this year, as gross series, compared with the same period of 2015.